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Dow Jones Analysis on September 26 2012 for Dow Futures

Edwin Toh
Publish date: Thu, 27 Sep 2012, 08:51 PM
Edwin Toh
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Talk about everything all under one roof which help us profit big money!! This blog have Technical Analyze Chart on Selected Stock and Forum for Daily Buy and Sell Call.


Disclaimer
All observation, buy call and sell call based on my own personal view are just for informational purpose and for my personal references to remind my self what i have analyze before and now for self improvement. Buy at your own risk and do not follow my view as i am only a novice analyzer with 60% success only..
Today Global Market Sector Rise as China Goverment would step in to aid the country's slow growth.
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Let check on the Stock Analysis Chart for Dow Jones which was closed on 26 September 2012



Indicator
1) Trendline - Above the bullish trendline (Bullish)
2) Support/Resistance - formed Higher high ( Bullish)
3) MACD -  Bearish Crossover (Bearish)
4) RSI - Broke below 70% (Bearish
5) STO - Bearish Crossover and broke below the 80% support -(Bearish)
6) Ichimoku -  a) Above  support cloud (Bullish). 
                       b) Conversion line above the base line (Bullish
                       c) Price above the baseline ( Bullish)
7) Candlestick - 3 black continuation candles after a shooting star. (Bearish) 

Conclusion:
Bullish

Might observe a healthy retracement towards 13348 before going up again

Resistance at 13570/ 13932 / 14156 / 14338
Support at 13348/ 13242/ 12984 / 12803 
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